Euro Capitalizes on Risk Sentiment and Possible QE by the BOJ

More at http://daily20pips.blogspot.com/2013/01/jessica-jane-clement-looking-like.html

The Euro seeks to end the week's exchanges with the Japanese yen on a bullish note as risk confidence hikes in the financial markets. Corporate updates on fourth quarter earnings, as well as stronger-than-expected US economic data yesterday are buoying investor sentiment. On the other hand, expectations for additional easing by the Bank of Japan are hurting the valuation of the Samurai currency.

Things are looking bright for the Euro Zone, after International Monetary Fund Chief Christine Lagarde acknowledged that Greece had made progress with economic reforms. The IMF board has recently agreed to pay the next aid tranche to Athens under the country's 240-Billion-Euro international bailout, though Lagarde urged the indebted nation to do more to boost productivity and lower prices.